BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

The Arabs Are Coming! Dubai Buys Sony Stake

In the 1990s, it was the Japanese who were buying up all the world's assets, triggering a panicked frenzy of economic nationalism. A few years ago, it was the Chinese, trying to buy an also-ran oil company. Now, it's "the Arabs," as Fox Business News affectionately calls the folks in Dubai.

According to the WSJ, the Dubai Investment Fund has gobbled up a significant stake in Japan's precious Sony. This follows a recent Dubai investment in the U.S.'s AMD (which served as fodder for a popular Fox Business blooper that resulted in the temporary creation of a new Arab country called Abu Dubai).

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